Will fiscal consolidation be a priority for ruling party's new leader?

Will fiscal consolidation be a priority for ruling party's new leader?

From what happened in the past usually will make something that looks appeal to public, whether is really work or not that can be another debate

https://www.reuters.com/article/us-japan-economy-abenomics-analysis-idUSKBN25O0TT

the government's goal of putting its primary balance into the black by fiscal 2025 should be shelved until the Bank of Japan achieves its 2 percent inflation target.

It’s LDP nonsense. They originally had a goal for this back by 2010 from memory, but so out of control is their spending that they can’t even achieve the goal after the better part of 2 decades.

Spending needs to be well and truly reformed and the economy needs to be deregulated to make it flexible rather than rigid, that’s where sustainable growth could come from as the population shrinks.

Kishida's "new Japanese-style capitalism" is designed to narrow income disparity through wealth redistribution

Sorry how is that different from big government socialism?

after structural reforms promoted in the early 2000s under the government of Prime Minister Junichiro Koizumi created a "division between the rich and the poor," he said.

So were those reforms deregulation or just rearranging deck chairs? And did Kishida vote for it at the time?

he said at a press conference last week that a corporate tax break is worth considering for companies delivering wage increases.

More talk of special carveouts :(

It’s some free market capitalism that Japan needs.

Neoliberal policies are a failure. Japan is looking increasingly bleak.

Neoliberal policies are a failure.

These big government spending programs are your fathers’ “neoliberalism”? They aren’t mine.

Big government spending purportedly to get the economy going (after failing for two odd decades) is the precise opposite of what I think of as that.

One of the distinctive features of actual neoliberalism (in my understanding) is that it abolished privilege. Government’s role is not to be a player in the game.

Government spending programs invariably create privilege.

Abolishing privilege invariably makes the special interest groups unhappy - but if reforms are package together so that everyone loses their privilege at the same time as others - and therefore no longer has to bear the costs of the privilege of others as part of the package - that is seen as fair and everyone owns their chance to get ahead through their own efforts.

I see little whatsoever of the sort here in Japan.

I suggest abolishing the sales tax which immediately helps low income persons.

And also makes expensive new houses and cars for the rich 10% cheaper…

Will fiscal consolidation be a priority for ruling party's new leader?

Not really, that needs not be the main priority. Nation's security measures and independent foreign policies are equally important.

Anyway, whoever takes over would have to follow LDP's wills and wishes..